While it’s impossible to determine how much of US president-elect Donald Trump’s campaign promises will become policy, talk of a possible $1 trillion in infrastructure spending bodes well for commodities, especially in Australia.

A number of announcements from the 2015/16 Budget remain unenacted, with many of these announced measures yet to be introduced into Parliament as bills. The link below lists the taxation measures that:

The Global Real Economy is a new bi-annual e-publication, which includes economic and other business insights to reflect the RSM network’s global reach and its ability to provide world-class audit, tax and consulting services to leaders of entrepreneurial, growth-focused companies around the world.

Personal tax rates
There will be no change to personal tax rates however the Treasurer has confirmed that the Temporary Budget Repair Levy of 2% which was introduced from the 2015 year will not be extended beyond its initial 2 years. The levy will cease at the end of the 2016-17 financial year.

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